Kishida also said no decision had been made over a potential visit to China. Read more at straitstimes.com.
TOKYO - Japanese Prime Minister Fumio Kishida said on Wednesday his government would mobilise all available policy tools to ensure wage growth, signalling the need to raise workers’ pay further to offset inflation and sustain economic growth.
Asked if there was a need to compile an extra budget to shift the economy into higher gear, he said he was “not considering now an extra budget”. Japan has compiled extra budgets in the past years partly aiming to provide subsidies to cushion the blow from high costs of imported fuel, which were amplified by a weak yen.
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